Construction Tour: 1568 Broadway - TSX Broadway
Demolition is ongoing at 1568 Broadway, former home of a Double Tree Suites by Hilton, in Times Square. Led by developers L&L Holding Company in partnership with Fortress Investment Group, the previous structure will be replaced by a 46-story mixed use tower with a 699-room hotel, 75,000 square feet of experiential retail on 10 floors, and a $50 million renovation of The Palace Theater.
At 105 years in operation, the Palace Theater is among the earliest surviving theaters in Times Square. As part of the new development, the theater will be lifted 30 feet up to the third floor and undergo a renovation that will refurbish the ornate plaster, historic preservation of the existing interior, acoustical isolation, technology modernization, new lobby with a bar and box office, new marquee, new grand entrance, and 10,000 square feet of additional back-of-house space.
Architects: Mancini Duffy (Lead Design), Perkins Eastman (Building Envelope), PBDW (Theater Box Design, Historic); Interior Design: Wimberley (Hotel); Developers: L&L Holding Company with Fortress Investment Group; Program: Hotel, Retail, Theater; Location: Times Square, New York, NY; Completion: 2022.